Homework Help is Here – Start Your Trial Now!
Business
Accounting
Question 6 The A&J Company has the following information regarding their operations for the month of May. The Finished Goods Inventory contain the following: Job No. Direct Material Factory Overhead 2,210 121 10,500 17,000 4,320 Item Direct Labor Jade 10,230 122 Sapphire 4,850 During the month of May the following raw materials and direct labor were used: Job No. Direct Material Cost 121 122 123 124 OB Item Jade Sapphire Ruby Topaz DM 2,530.00 9,556.00 5,572.00 10,242.00 DL The factory overhead is applied at a rate of P1.5 per direct labor hour. The actual factory overhead incurred during the month is P20,500. Prepare the Job Order Shee the month of May. Compute for the over or underapplied factory overhead amount. Fill out the Job Order Cost Sheet/Summary of Costs. Indicate the costs below. Use two decimal places. TOTAL Direct Labor Cost 10,260.00 6,900.00 8,316.00 8,456.00 FOH Direct Labor Hours 2,780.00 2,927.00 3,430.00 4,839.00

Question 6 The A&J Company has the following information regarding their operations for the month of May. The Finished Goods Inventory contain the following: Job No. Direct Material Factory Overhead 2,210 121 10,500 17,000 4,320 Item Direct Labor Jade 10,230 122 Sapphire 4,850 During the month of May the following raw materials and direct labor were used: Job No. Direct Material Cost 121 122 123 124 OB Item Jade Sapphire Ruby Topaz DM 2,530.00 9,556.00 5,572.00 10,242.00 DL The factory overhead is applied at a rate of P1.5 per direct labor hour. The actual factory overhead incurred during the month is P20,500. Prepare the Job Order Shee the month of May. Compute for the over or underapplied factory overhead amount. Fill out the Job Order Cost Sheet/Summary of Costs. Indicate the costs below. Use two decimal places. TOTAL Direct Labor Cost 10,260.00 6,900.00 8,316.00 8,456.00 FOH Direct Labor Hours 2,780.00 2,927.00 3,430.00 4,839.00

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 6SEB: JOURNAL ENTRIES FOR MATERIAL, LABOR, OVERHEAD, AND SALES Alert Enterprises had the following job...
See similar textbooks
icon
Related questions
Question
Solutions only thank you.
122 123 124 JOB 121 122 The factory overhead is applied at a rate of P1.5 per direct labor hour. The actual factory overhead incurred during the month is P20,500. Prepare the Job Order Sheet fo the month of May. Compute for the over or underapplied factory overhead amount. Fill out the Job Order Cost Sheet/Summary of Costs. Indicate the costs below. Use two decimal places. 123 124 Sapphire Ruby Topaz FOH Applied = DM Amount Over or Underapplied = DL 9,556.00 5,572.00 10,242.00 Is FOH Overapplied or Underapplied? = 6,900.00 8,316.00 8,456.00 FOH 3,430.00 4,839.00 TOTAL
Transcribed Image Text:122 123 124 JOB 121 122 The factory overhead is applied at a rate of P1.5 per direct labor hour. The actual factory overhead incurred during the month is P20,500. Prepare the Job Order Sheet fo the month of May. Compute for the over or underapplied factory overhead amount. Fill out the Job Order Cost Sheet/Summary of Costs. Indicate the costs below. Use two decimal places. 123 124 Sapphire Ruby Topaz FOH Applied = DM Amount Over or Underapplied = DL 9,556.00 5,572.00 10,242.00 Is FOH Overapplied or Underapplied? = 6,900.00 8,316.00 8,456.00 FOH 3,430.00 4,839.00 TOTAL
JOB 121 123 Item Jade Sapphire During the month of May the following raw materials and direct labor were used: Job No. Direct Material Cost Direct Labor Cost 121 10,260.00 122 6.900.00 8,316.00 8,456.00 122 124 Question 6 The A&J Company has the following information regarding their operations for the month of May. The Finished Goods Inventory contain the following: Direct Material Factory Overhead 10,500 2,210 4,320 17,000 123 124 Job No. 121 122 The factory overhead is applied at a rate of P1.5 per direct labor hour. The actual factory overhead incurred during the month is P20,500. Prepare the Job Order Sheet for the month of May. Compute for the over or underapplied factory overhead amount. Fill out the Job Order Cost Sheet/Summary of Costs. Indicate the costs below. Use two decimal places. TOTAL Item Jade Sapphire Ruby Topaz DM Direct Labor 10,230 4,850 2,530.00 9,556.00 5,572.00 10,242.00 DL Direct Labor Hours FOH 2,780.00 2,927.00 3,430.00 4,839.00
Transcribed Image Text:JOB 121 123 Item Jade Sapphire During the month of May the following raw materials and direct labor were used: Job No. Direct Material Cost Direct Labor Cost 121 10,260.00 122 6.900.00 8,316.00 8,456.00 122 124 Question 6 The A&J Company has the following information regarding their operations for the month of May. The Finished Goods Inventory contain the following: Direct Material Factory Overhead 10,500 2,210 4,320 17,000 123 124 Job No. 121 122 The factory overhead is applied at a rate of P1.5 per direct labor hour. The actual factory overhead incurred during the month is P20,500. Prepare the Job Order Sheet for the month of May. Compute for the over or underapplied factory overhead amount. Fill out the Job Order Cost Sheet/Summary of Costs. Indicate the costs below. Use two decimal places. TOTAL Item Jade Sapphire Ruby Topaz DM Direct Labor 10,230 4,850 2,530.00 9,556.00 5,572.00 10,242.00 DL Direct Labor Hours FOH 2,780.00 2,927.00 3,430.00 4,839.00
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost Sheet
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS